responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a "cautious shift" as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …

responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a 'cautious shift' as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …

own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … aversion for large probabilities of a gain, while for small probability gains we find an increase of risk seeking under …

responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a 'cautious shift' as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …

met: separability of preferences and completeness of contracts. These conditions are often plausible, but they fail to …